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Complete financial analysis of Harbor Custom Development, Inc. (HCDI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Harbor Custom Development, Inc., a leading company in the Real Estate – Development industry within the Real Estate sector.
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Harbor Custom Development, Inc. (HCDI)
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects. It undertakes projects, such as residential lots, home communities, townhomes, and multi-story condominium or apartment properties The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was incorporated in 2014 and is based in Gig Harbor, Washington.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2001 |
|---|---|---|---|---|---|---|
| Revenue | 55.41M | 72.35M | 50.40M | 30.95M | 5.73M | 72.35M |
| Cost of Revenue | 55.87M | 50.42M | 48.39M | 27.65M | 4.94M | 50.42M |
| Gross Profit | -452.50K | 21.93M | 2.00M | 3.31M | 793.60K | 21.93M |
| Gross Profit Ratio | -0.82% | 30.31% | 3.97% | 10.69% | 13.85% | 30.31% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.24M | 11.15M | 5.49M | 3.47M | 0.00 | 0.00 |
| Other Expenses | 16.24M | 11.15M | 5.49M | 3.47M | 19.20K | 11.15M |
| Operating Expenses | 16.24M | 11.15M | 5.49M | 3.47M | 2.77M | 11.15M |
| Cost & Expenses | 72.10M | 61.57M | 53.89M | 31.11M | 7.70M | 61.57M |
| Interest Income | 465.60K | 249.30K | 382.90K | 358.30K | 0.00 | 0.00 |
| Interest Expense | 1.76M | 249.30K | 382.90K | 358.30K | 117.70K | -249.30K |
| Depreciation & Amortization | 2.45M | 1.50M | 812.40K | 581.10K | 210.00K | 0.00 |
| EBITDA | -14.24M | 12.28M | -2.68M | 501.80K | -513.40K | 10.78M |
| EBITDA Ratio | -25.69% | 16.97% | -5.31% | 1.62% | -8.96% | 14.90% |
| Operating Income | -16.69M | 10.78M | -3.49M | -79.30K | -1.97M | 10.78M |
| Operating Income Ratio | -30.12% | 14.90% | -6.93% | -0.26% | -34.42% | 14.90% |
| Total Other Income/Expenses | -4.69M | -158.00K | -154.60K | -279.20K | 1.13M | -158.00K |
| Income Before Tax | -21.38M | 10.62M | -3.65M | -437.60K | -841.10K | 10.62M |
| Income Before Tax Ratio | -38.58% | 14.68% | -7.23% | -1.41% | -14.68% | 14.68% |
| Income Tax Expense | -4.46M | 1.77M | 116.80K | -634.60K | 517.80K | 1.77M |
| Net Income | -16.92M | 8.86M | -3.76M | 235.60K | -1.39M | 8.86M |
| Net Income Ratio | -30.54% | 12.24% | -7.46% | 0.76% | -24.26% | 12.24% |
| EPS | -24.19 | 8.13 | -17.85 | 0.88 | -5.19 | 0.62 |
| EPS Diluted | -24.19 | 8.13 | -17.85 | 0.88 | -5.19 | 0.24 |
| Weighted Avg Shares Out | 699.39K | 1.09M | 210.29K | 268.15K | 268.15K | 14.34M |
| Weighted Avg Shares Out (Dil) | 699.49K | 1.09M | 210.72K | 268.15K | 268.15K | 36.92M |
Harbor Custom Development announces reverse stock split
Harbor Custom Development Inc. (NASDAQ:HCDI) has announced it will effect a 1-for-20 reverse stock split of its issued and outstanding shares of common stock in a move that is aimed at maintaining compliance with the Nasdaq's minimum bid price requirement. The...
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Harbor Custom Development continues Texas expansion in Horseshoe Bay with Wurzel Builders
Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it has partnered with Austin-based general contractor, Wurzel Builders Ltd to expand its luxury single-family home division in Horseshoe Bay, Texas. The real estate company said it anticipates breaking ground with its new...
Harbor Custom Development restructures loan with Bank United
Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has successfully restructured its loan with Bank United. “We have successfully amended our loan agreement with Bank United providing for full compliance,” Harbor Custom Development CEO Sterling Griffin said in a statement.
Harbor Custom Development agrees sale of Mills Crossing properties for US$14.5M
Harbor Custom Development Inc. (NASDAQ:HCDI) today announced a US$14.5 million agreement to sell the Mills Crossing townhomes in Bremerton, Washington. The transaction, with Kitsap Community Resources, described as an action agency striving to end poverty, is expected to close on or...
Harbor Custom Development stockholders authorize reverse stock split at special meeting
Harbor Custom Development Inc revealed that the company's stockholders voted in favor of a future reverse stock split during a virtual special meeting held on February 17, 2023. The Tacoma, Washington-based real estate company noted that the stockholders voted to...
Harbor Custom Development says leasing has begun at Wyndstone Apartments in Yelm, Washington
Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing apartments in Yelm, Washington, one of six projects it listed with Kidder Mathews earlier this year. The Tacoma, Washington-based real estate company said the Wyndstone Apartments are comprised of four...
Harbor Custom Development names Karen Bryant as lead independent director
Harbor Custom Development Inc said it has appointed experienced executive Karen Bryant as the board's lead independent director, effective immediately. Bryant was at the helm of women's professional basketball in the Pacific Northwest for 18 years, serving as general manager...
Harbor Custom Development starts leasing spacious Belfair View apartments in western Washington
Harbor Custom Development Inc has announced it is now leasing spacious and well-located apartments in Belfair, Washington. The Belfair View Apartments consist of 11 three-story buildings featuring one and two-bedroom rentals, roughly 20 minutes from downtown Bremerton conveniences like the Seattle-Bremerton Ferry...
Harbor Custom Development starts leasing luxury apartments in Tacoma
Harbor Custom Development Inc has announced it is now leasing its luxury apartments in Tacoma, Washington. The Pacific Ridge apartments feature one and two bedrooms, and studio rentals in the Fern Hill neighborhood less than 10 minutes from Tacoma's bustling...
Source: https://incomestatements.info
Category: Stock Reports